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17 December 2024 | 13 replies
These foundational elements enable you to navigate transactions successfully and make informed decisions.While there are many resources available, including courses and mentorships, the reality is that without a foundational knowledge base, you might struggle to apply what you've learned effectively in real-world scenarios.
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9 December 2024 | 7 replies
You should be assessing market rents and raising them based on what the market is doing.
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12 December 2024 | 6 replies
The refinance stage can also be a challenge since many lenders require a seasoning period, often around 6 months, before they’ll allow a refinance based on the new appraised value.
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10 December 2024 | 39 replies
For what you are, I need to see a minimum 20% COC yr 1, based off real #'s not projected #'s.
7 December 2024 | 2 replies
Market fundamentals and economic factors seem strong and promising.
13 December 2024 | 15 replies
Transferring ownership to your LLC might trigger transfer taxes or reassessment, depending on your local regulations.Commercial lenders will evaluate your loan based on the property’s cash flow (DSCR) rather than your personal income, which is great for freeing up your DTI.
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15 December 2024 | 10 replies
Nobody ever tests for lead-based paint in homes built before 1978, because once you test you have to disclose.
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9 December 2024 | 1 reply
I would recommend to look into something more powerful for business/corporate usage.Section C is not my expertise, but I would recommend to follow the law and have strong security policy such as minimum password requirements and regular changes.To end this on a positive note, Cybersecurity is slowly moving to the forefront of business thinking and it's taken more seriously now than 10, 20 years ago.
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7 December 2024 | 12 replies
For flipping, focus on accurate ARV estimates and budgeting for unexpected costs, while for BRRRR, building strong relationships with local lenders that can help streamline your hard money into your refinancing.
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7 December 2024 | 7 replies
Price points are low when acquiring real estate but that also comes with lower rental market values for your units so it pretty much evens itself out.With that, if you are going to buy in Reading I advise you strongly consider managing your own properties.